The Working Families Tax Credit is a new annual tax credit available solely to citizens of the state of Washington. A reimbursement of $50 to $1,200; however, the precise sum will be determined by the household income of the Washington resident.
Additionally, it will rely on the number of eligible children you have living in your household. Additionally, anyone using ITINs, such as undocumented employees and others, may qualify for such a tax refund.
Eligibility Criteria For Working Families Tax Credit
You can check to see whether you qualify and apply right away. You are then given 3 years to submit a tax credit claim. Understanding who qualifies for the Tax Credit for Working Families is important before learning how to apply. Sons, daughters, stepkids, adopted kids, foster kids, siblings, sisters, half-brothers, half-sisters, stepsisters, and stepbrothers are all qualified to be considered qualifying children; additionally, a grandchild, niece, or nephew is also eligible.
There is already a 90-day delay before you even receive your credit. The Department of Revenue claims that the ‘Where’s my Refund’ function on the site is quite helpful in assisting you in reclaiming your credit. Call 360-763-7300 for more information if you so want.
You will get this credit through a bank deposit or a check sent to the postal address you chose to provide in your application, depending on your preference. To be clear, since this does not constitute a loan, you won’t owe taxes; you are not required to pay back the money.
How To Apply For Working Families Tax Credit
At workingfamiliescredit.wa.gov/apply, citizens of Washington can apply directly to the state. You can apply to the state’s Department of Revenue via mail or with local community partners spread out around the state.
Only around 40% of households qualified for the tax credit are expected to apply for and obtain it in the first year, according to the state’s estimations, due to the dispersed application process. You must pay federal taxation on earnings and spend the majority of the year in Washington to be eligible for the tax credit.
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